FS Credit Income Fund Class I (FCRIX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FCRIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FCRIX
FCRIX charges 2.37% annually. There are 43 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | FCRIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | FCRIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | FCRIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | FCRIX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | FCRIX vs WRPIX |
Best Risk-Adjusted Alternatives to FCRIX
FCRIX has a PortfoliosLab risk / return rank of 98. There are 7 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | FCRIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | FCRIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | FCRIX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | FCRIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | FCRIX vs ADANX |
Top Performing FCRIX Alternatives (YTD)
FCRIX is at 3.50% YTD. There are 36 mutual funds in the Multistrategy category with higher YTD returns, going as high as 17.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 17.83% | — | Sep 2017 | FCRIX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 17.69% | — | Sep 2017 | FCRIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 17.60% | — | Sep 2017 | FCRIX vs QRPNX | |
| AQR Style Premia Alternative Fund | 12.37% | — | Oct 2013 | FCRIX vs QSPIX | |
| AQR Style Premia Alternative R6 | 12.28% | — | Sep 2014 | FCRIX vs QSPRX |
Lowest Volatility Alternatives to FCRIX
FCRIX has 2.98% 1-year volatility. There are 10 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.22% | — | Aug 2017 | FCRIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.46% | — | Jan 2009 | FCRIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.46% | — | Jan 2009 | FCRIX vs ADANX | |
| Morningstar Alternatives Fund | 2.32% | — | Nov 2018 | FCRIX vs MSTVX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 2.36% | — | Feb 2013 | FCRIX vs SHRIX |
Lowest Drawdown Alternatives to FCRIX
FCRIX has a 1-year max drawdown of -0.90%. There are 5 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | FCRIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | FCRIX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | FCRIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | FCRIX vs SRRIX | |
| Strategic Advisers Alternatives Fund | -0.86% | — | Jul 2022 | FCRIX vs FSLTX |
Other Mutual Funds from FS Investments
The 1 most viewed FS Investments mutual funds shown here include FSMSX and span 1 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| FS Multi-Strategy Alternatives Fund | Multistrategy | 86 | 3.68% | — | May 2017 | FCRIX vs FSMSX |
Often Compared With FCRIX
Investors most often compare FCRIX with QSPNX, BAMBX, QMFRX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare FCRIX with Any Fund or Stock
Compare FCRIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FCRIX with funds that move differently
FS Credit Income Fund Class I alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FCRIX.
Explore FCRIX Diversifiers